Cozad Asset Management Inc. Sells 377 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Cozad Asset Management Inc. decreased its position in The Kraft Heinz Company (NASDAQ:KHC) by 1.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 26,441 shares of the company’s stock after selling 377 shares during the period. Cozad Asset Management Inc.’s holdings in Kraft Heinz were worth $978,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of KHC. OFI Invest Asset Management bought a new position in Kraft Heinz in the third quarter valued at $26,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Kraft Heinz in the 4th quarter valued at about $32,000. BKM Wealth Management LLC acquired a new stake in shares of Kraft Heinz in the fourth quarter valued at about $33,000. Headinvest LLC bought a new stake in Kraft Heinz during the third quarter worth about $38,000. Finally, VisionPoint Advisory Group LLC boosted its position in Kraft Heinz by 326.1% during the third quarter. VisionPoint Advisory Group LLC now owns 1,223 shares of the company’s stock valued at $41,000 after purchasing an additional 936 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Trading Down 6.0 %

KHC stock opened at $36.28 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.54 and a current ratio of 0.99. The Kraft Heinz Company has a 52 week low of $30.68 and a 52 week high of $41.47. The company’s 50-day simple moving average is $36.34 and its 200 day simple moving average is $35.74. The company has a market capitalization of $44.10 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of 3.07 and a beta of 0.65.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.01. Kraft Heinz had a net margin of 10.72% and a return on equity of 7.42%. The business had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.99 billion. During the same quarter in the prior year, the business posted $0.85 earnings per share. Kraft Heinz’s revenue was down 7.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Kraft Heinz Company will post 3.02 earnings per share for the current year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 6th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.41%. Kraft Heinz’s dividend payout ratio (DPR) is 69.26%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on KHC shares. Bank of America boosted their target price on shares of Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Citigroup started coverage on shares of Kraft Heinz in a report on Thursday, February 1st. They issued a “buy” rating and a $43.00 target price on the stock. Wells Fargo & Company reduced their price target on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a report on Thursday, February 15th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $40.57.

Kraft Heinz Company Profile

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.